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Home News May 2016 PA Title Insurance Rate Changes

May 2016 PA Title Insurance Rate Changes

Posted on April 23, 2016 Written by Tricia Harris

May 2016 Title Insurance Rates Change

The rates for sale and non-sale title insurance premiums and endorsements are increasing on May 1, 2016. Pennsylvania title insurance premium rates are set by law and are the same for all title companies.  The new rates for May 2016 are the first time rates have increased since 2012 and represent a 12% increase in premium rates.

Title insurance has two functions.  First, the title company will make sure there are no errors, unknown liens, fraud, or other problems with the deed.  Second, an insurance policy is issued which will defend you in court if someone challenges your title and will compensate you if you should lose.

All settlements after May 1, 2016 must use the new rates. Use our convenient online calculator from your computer or on your mobile phone. Enter the purchase or refinance amount to instantly get the updated title rates for your transaction.

Please don’t hesitate to contact us if you have any questions regarding the new rates, or would like a settlement quote. As always, our quotes contain no hidden fees and we do not charge additional conveyancing fees.

Filed Under: News

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How much does title insurance cost?

To get a quote for Pennsylvania title insurance, enter the purchase price if you are buying a property. If you are refinancing a property, enter the new mortgage amount. Your quote will be calculated using the new PA title insurance rates, effective for all settlements on or after October 1, 2019

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Manatawny Land Transfer
215 E. Philadelphia Ave. 1st Floor
Boyertown, PA 19512
(East Entrance)
Call: 610 326 9838
Fax: 610 326 1398
Email: tharris@manatawnyland.com
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